Interesting that release focuses on permit issues (etc.) but doesn't mention anything about money. Apparently Bernie said they lacked proper investment and if they could find a couple more large investors quickly they could still make it happen. Guess that didn't pan out for them. Shame. Let's hope the effort doesn't fizzle and we see it in 2014.

Given what I saw in those Red Bull test run videos I would be astonished if they had managed to pull it all together in time. Repaving the course is not the big problem, it's creating all the things that don't exist (you want to build a complex on the Hudson river? I bet you need permits from 6 different agencies). Of course, Bernie also wants to be paid first.